Update on sales process and funding

RNS Number : 4376P

Imaginatik PLC

29 May 2018

 

29 May 2018

Imaginatik plc

("Imaginatik" or "the Company")

Update on funding and formal sale process

Imaginatik plc (AIM: IMTK.L), the innovation company, today provides an update on its funding requirements.

Further to the Company's trading statement on 1 May 2018, the Company confirms that it is now exploring short term additional funding in order to successfully progress the ongoing formal sale process. As previously announced, the Board is aiming to announce the outcome of the process by the end of May.

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:  

Imaginatik plc	Tel: [phone]
Matt Cooper Non-Executive Chairman Ralph Welborn, CEO Shawn Taylor, CFO
finnCap Ltd	Tel: [phone]
Jonny Franklin-Adams/Max Bullen-Smith, corporate finance Camille Gochez, corporate broking
Alma PR	Tel: [phone]
Caroline Forde
Robyn Fisher

About Imaginatik

Imaginatik provides a range of Innovation solutions comprised of consultancy, enterprise software and program management to deliver innovation results to companies such as Exxon Mobil, Altria, Shell, Goodyear, the Yorkshire Building Society, Caterpillar, AECOM, Novartis and Cargill. Few companies possess the internal capability to consistently generate fresh ideas, identify those worth pursuing and reliably transform them into real, value-enhancing assets. Imaginatik's mission is to help these companies build sustainable innovation competencies. In 2016 Forrester Research found that "Imaginatik has the most comprehensive innovation management solution," providing excellent industry recognition of Imaginatik's full-service innovation offering, combining both technology and consultancy services.

Imaginatik is a public company whose shares are traded on the AIM market of the London Stock Exchange (LSE: IMTK.L) with offices in Boston, MA, and Fareham, UK. For more information visit www.imaginatik.com.

 

END

 

 

MSCEAESPADSPEAF